Voting results of the Annual General Meeting held on 12 ... - Li Ning

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Voting results of the Annual General Meeting held on 12 ... - Li Ning

LI NING COMPANY LIMITED(Incorporated in ong>theong> Cayman Islands with limited liability)(Stock Code: 2331)VOTING RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 12 MAY 2005Li Ning Company Limited (ong>theong> “Company”) is pleased to announce that all ong>theong> resolutions were approvedby shareholders at its annual general meeting ong>heldong> on 12 May 2005 (ong>theong> “AGM”) by poll voting. The pollwas demanded by ong>theong> chairman ong>ofong> ong>theong> AGM in ong>theong> spirit ong>ofong> good corporate governance. The number ong>ofong>shares and percentages represented by votes for and against ong>theong> respective resolutions are set out as follows:Number ong>ofong> votes (%)ORDINARY RESOLUTIONS For Against1. To receive and adopt ong>theong> Audited Financial Statements and Reports ong>ofong> ong>theong>Directors and ong>theong> Auditors for ong>theong> year ended 31 December 2004.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.2. To declare a final dividend ong>ofong> RMB4.57 cents (equivalent to HK4.308cents) per share for ong>theong> year ended 31 December 2004.3(a). (i)As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.To re-elect Mr. CHEN Yi Hong as an executive director.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.(ii) To re-elect Mr. Stuart SCHONBERGER as an non-executive director.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.(iii) To re-elect Mr. CHAN Chung Bun, Bunny as an independent nonexecutivedirector.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.3(b). To authorise ong>theong> board ong>ofong> directors to fix ong>theong> remuneration ong>ofong> ong>theong> directors.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.4. To re-appoint PricewaterhouseCoopers, Certified Public Accountants, asauditors and to authorise ong>theong> board ong>ofong> directors to fix ong>theong>ir remuneration.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.5. To give a general mandate to ong>theong> directors to issue shares up to 20%.720,307,920 0(100%) (0%)720,307,920 0(100%) (0%)720,307,920 0(100%) (0%)720,307,920 0(100%) (0%)720,307,920 0(100%) (0%)663,893,920 7,434,000(98.8926%) (1.1074%)720,307,920 0(100%) (0%)703,509,500 16,798,420(97.6679%) (2.3321%)As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.1


6. To give a general mandate to ong>theong> directors to repurchase shares up to10%.720,307,920(100%)0(0%)As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.7. To authorise ong>theong> directors to issue ong>theong> shares repurchased by ong>theong> Company.As more than 50% ong>ofong> ong>theong> votes were cast in favour ong>ofong> ong>theong> resolution, ong>theong> resolution was duly passedas an ordinary resolution.The total number ong>ofong> shares entitling ong>theong> holder to attend and vote for or against all ong>theong> resolutions at ong>theong>AGM was 1,023,038,000 shares. There were no restrictions on shareholders to cast votes on any ong>ofong> ong>theong>above resolutions at ong>theong> AGM.Computershare Hong Kong Investor Services Limited, ong>theong> Company’s branch share registrar in Hong Kong,acted as scrutineer for ong>theong> vote-taking at ong>theong> AGM.In relation to resolution numbered 2 above, ong>theong> translation ong>ofong> RMB into Hong Kong dollars for ong>theong> purposeong>ofong> dividend payment in Hong Kong dollars is made at ong>theong> rate ong>ofong> HK$1.00 = RMB1.0609, which is ong>theong>ong>ofong>ficial fixing exchange rate ong>ofong> RMB against Hong Kong dollars as quoted on 12 May 2005 by ong>theong> People’sBank ong>ofong> China. The dividend will be paid on 20 May 2005 to shareholders whose names appear on ong>theong>register ong>ofong> members ong>ofong> ong>theong> Company on 12 May 2005.As at ong>theong> date ong>ofong> this announcement, ong>theong> executive directors ong>ofong> ong>theong> Company are Mr. LI Ning, Mr. ZHANGZhi Yong, Mr. TAN Wee Seng and Mr. CHEN Yi Hong. The non-executive directors are Mr. LIM Meng Ann,Mr. Stuart SCHONBERGER and Mr. FONG Ching, Eddy. The independent non-executive directors are Mr.KOO Fook Sun, Louis, Ms. WANG Ya Fei and Mr. CHAN Chung Bun, Bunny.Hong Kong, 12 May 2005720,307,920 0(100%) (0%)By order ong>ofong> ong>theong> boardLi Ning Company LimitedTAN Wee SengExecutive Director & Joint Company Secretary“Please also refer to ong>theong> published version ong>ofong> this announcement in South China Morning Post”2

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